British fund manager Jupiter has unveiled a new unit trust fund, which will mainly invest in long and short equity absolute return strategies.
The new vehicle, dubbed Jupiter Merlin Real Return, will also offer exposure to selected equity funds and physical gold as well as invest in fixed interest, commodities and property. It is the UK version of the Jupiter Merlin Real Return Portfolio Sicav.
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The new UK-domiciled fund will be managed by the firm’s independent funds team, comprising John Chatfeild-Roberts, Algy Smith-Maxwell, Amanda Sillars, David Lewis and Alastair Irvine.
“We are very proud of the track record that we have delivered in the Jupiter Merlin Real Return Portfolio (SICAV), and we think that Jupiter Merlin Real Return should be very well placed at a time when equity and bond markets have enjoyed a 9-year bull run,” Smith-Maxwell stated.
It targets a return of 3% net of fees above the Consumer Price Index over rolling periods of three years.
Jupiter global head of distribution Nick Ring said: “We have seen clear demand from existing and prospective clients for us to extend this strategy into a unit trust product, offering exposure to the growing universe of absolute return funds, while leaving fund selection in the hands of an experienced team of investors.”
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